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 Home » Financial Markets » Canada » Charges

Canada

Q1. What is the brokerage rate for Canada Trades?
Q2. How much are the dividend charges?
Q3. What are the custody charges like?
Q4. How much are the corporate action charges?
Q5. What happens if I hold foreign shares in two separate accounts?
Q6. Is there any exemption from the monthly custody charges?
Q7. Can I consolidate all my foreign share holdings in one account?
Q8. How do I pay for the custody charges?
Q9. Will there be any charges for shares transferred into Phillip?
Q10. Will there be any charges incurred for outgoing shares transfer?
Q11. Are there any charges for physical scripts deposit?
Q12. How can I make payment for outgoing shares transfer and/or physical scripts deposit?

 
  1. What is the brokerage rate for Canada Trades?

    Trading in Canada market may be done through your Trading Representative or by calling our Night Dealing desk. The following rates are applicable to both buy and sell transactions. 

    Broker Assisted Trades

    Minimum US$35 or C$0.025 per share or 0.4% whichever is higher.

    GST on local brokerage fee

     

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  2. How much are the dividend charges?

    Dividend Payment Dividend Charges
    Dividend charges are
    applicable on 
    the net dividend.    		 <S$100 S$1.07 (inclusive of GST)
    >S$100

    1% of Net Dividend, max. S$53.50 (inclusive of GST)

    GST is on dividend charges and is applicable for Singaporean and Singapore PR.
     
    Note: Dividends are subject to a withholdings tax of 15%. 

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  3. What are the custody charges like?

    A S$2.14 (inclusive of GST) monthly custody charge will be levied per counter based on your foreign shareholdings in your account at the end of every month. The charges are capped at $160.50 (inclusive of GST) per quarter for each account in which you hold foreign shares. 
    The charges will take effect from 1 July 2003. A quarterly invoice starting October 2003 will be sent out to inform you of the custody charges due. 
     

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  4. How much are the corporate action charges?

    Types of services

    Fees and charges

    Cash Offer, Rights Issue, Privatisation Exercise, Merger & Exchange, Cash In Lieu, Liquidation, Redemption of Warrant, Loan Stock or Bonds, Capital Distribution, Tender Sales, Warrant Conversion

    S$10.70 (inclusive of GST) + Foreign broker fees if applicable.

     

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  5. What happens if I hold foreign shares in two separate accounts?

    The custody charges will be levied on a per account basis. If you hold foreign shares in two separate accounts, you will be billed according to the shareholdings in each account.
     

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  6. Is there any exemption from the monthly custody charges?

    We will automatically waive the monthly charges if you have at least two trades in your account for the month, regardless of trade size and whether you trade local or foreign shares in that account.
     

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  7. Can I consolidate all my foreign share holdings in one account?

    Yes. Account holders may submit written instruction to our Operations department.
     

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  8. How do I pay for the custody charges?

    If you have a margin or custodian account with the Phillip Group, we will arrange to debit your account accordingly. Otherwise, you may settle the invoice by cheque or through your bank's electronic payment services. Where applicable, any outstanding charges will be deducted from any payment due to you. 
     

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    Share Transfer

  9. Will there be any charges for shares transferred into Phillip?

    There are no charges for transferring shares to Phillip. However, it is important that you check with the delivering securities firm as to whether there are any charges for transferring your shares out.

     

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  10. Will there be any charges incurred for outgoing shares transfer?

    Yes, there will be a handling fee of S$ 21.40 (inclusive of GST) per counter.
    ** With effect from 1st Jan 2009, the handling fees will be amended to S$53.50

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  11. Are there any charges for physical scripts deposit?

    The charges comprise of : 

    Courier Fee

    S$ 35.00 (inclusive of GST)

    Foreign Broker Transfer Fee

    S$ 20.00

    Handling Fee

    S$ 10.70 (inclusive of GST)

    Foreign Broker Legal Transfer Fee (if any)*

    US$ 60.00 

    *What is a legal transfer?

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  12. How can I make payment for outgoing shares transfer and/or physical scripts deposit?

    You can pay by any of the following payment methods:

      1. Cash
      2. Cheque, made payable to “PHILLIP SECURITIES PTE LTD” 
      3. EPS (Client has to notify Trading Representative) 
      4. Debit from client’s trading account if there are sufficient funds in their Phillip Financial, Cash Management or Investment account but client must indicate their instruction at Remarks column.
         
    Note: We will not effect any transfer before receiving payment from client.

     

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